Alternatives

A trust fund in the south approved a new target asset allocation including a maiden allocation to hedge funds at its first quarter board meeting.

A fund based in the Midwest approved increasing its targets to public equities and alternatives earlier this week following a recommendation from its general investment consultant.

The trust fund made real estate and private equity commitments after establishing 5% targets in 2019.

The plan approved two private equity commitments at its May board meeting.

A fund based in a Western state approved a new commitment to a private equity manager as it shifts its portfolio toward illiquid allocations.

A university based on the West Coast is weighing an increase to its private equity target among other changes to its investment policy at its meeting today.